Report Update: May 1, 2024

Nigeria - Automatic Gravimetric Filling Machines - Market Analysis, Forecast, Size, Trends And Insights

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Gravimetric Filling Machine Price in Nigeria - 2022

Gravimetric Filling Machine Price in Nigeria (CIF) - 2022

The average gravimetric filling machine import price stood at $833 per unit in 2022, waning by -13.3% against the previous year. Overall, the import price saw a dramatic decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $25,816 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($2,080 per unit), while the price for the United Arab Emirates ($486 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2,944.0%), while the prices for the other major suppliers experienced a decline.

Gravimetric Filling Machine Price in Nigeria (FOB) - 2022

In 2022, the average gravimetric filling machine export price amounted to $280 per unit, growing by 49% against the previous year. Overall, the export price showed a moderate expansion. The growth pace was the most rapid in 2018 when the average export price increased by 322% against the previous year. As a result, the export price attained the peak level of $1,593 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($387 per unit), while the average price for exports to Ghana totaled $75 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-1.9%), while the prices for the other major destinations experienced a decline.

Gravimetric Filling Machine Imports in Nigeria

In 2022, overseas purchases of automatic gravimetric filling machines decreased by -50% to 4.9K units, falling for the second consecutive year after two years of growth. In general, imports faced a sharp curtailment. The growth pace was the most rapid in 2020 when imports increased by 3.4%. As a result, imports attained the peak of 26K units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, gravimetric filling machine imports dropped significantly to $4M in 2022. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Gravimetric Filling Machine in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.7	6.4	4.1	2.5	-19.0%
Spain	0.7	1.7	1.5	0.4	-17.0%
India	1.1	1.6	1.1	0.3	-35.2%
Japan	1.4	1.4	0.6	0.2	-47.7%
United Arab Emirates	1.1	2.1	N/A	0.1	-55.0%
Switzerland	2.5	1.7	0.5	0.1	-65.8%
Christmas Island	0.1	N/A	N/A	N/A	0%
Malaysia	N/A	0.1	N/A	N/A	0%
Indonesia	0.5	0.9	0.3	N/A	-22.5%
Czech Republic	N/A	0.3	N/A	N/A	0%
Others	2.3	4.4	1.2	0.5	-39.9%
Total	14.2	20.5	9.3	4.0	-34.4%

Top Suppliers of Gravimetric Filling Machine to Nigeria in 2022:

China (3740.0 units)
India (419.0 units)
United Arab Emirates (208.0 units)
Spain (180.0 units)
Japan (87.0 units)
Indonesia (51.0 units)
Switzerland (36.0 units)

Gravimetric Filling Machine Exports in Nigeria

In 2022, approx. 2 units of automatic gravimetric filling machines were exported from Nigeria; remaining constant against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, gravimetric filling machine exports totaled $426 in 2022. In general, exports faced a abrupt downturn. The smallest decline of -45.4% was in 2020. Over the period under review, the exports reached the peak figure at $780 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Gravimetric Filling Machine in Nigeria (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Benin	695	369	321	387	-17.7%
Ghana	85.0	57.0	105	39.0	-22.9%
Others	N/A	N/A	N/A	N/A	0%
Total	780	426	426	426	-18.3%

Top Export Markets for Gravimetric Filling Machine from Nigeria in 2022:

Ghana (1.0 units)
Benin (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gravimetric filling machine market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28293180 - Automatic gravimetric filling machines

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023